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Jones Partners in Sydney, NSW under Liquidation & Insolvency Services banner ad
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Monday
8:15 am to 5:15 pm
Tuesday
8:15 am to 5:15 pm
Wednesday
8:15 am to 5:15 pm
Thursday
8:15 am to 5:15 pm
Friday
8:15 am to 5:15 pm
Saturday
Not provided
Sunday
Not provided
Service notes
Meetings Can Be Arranged Outside These Hours If Required. Further Products & Services Include Forensic Accounting And Litigation Support.
We assist professionals advisors frequently when they have clients that may be facing insolvency or bankruptcy.
Jones Partners Insolvency & Business Recovery is a chartered accounting firm that specialises in all forms of insolvency, business recovery/re-organisation and bankruptcy. We recognise and understand that not all business owners and individuals are able to identify when they may be facing insolvency or bankruptcy and how best to deal with it.

Specifically we provide advice and tailored solutions across the following areas:

  • Corporate insolvency
  • Corporate re-organisation
  • Business recovery
  • Recovery assistance to financiers,
  • Personal insolvency and bankruptcy
  • Forensic accounting

We are also advising increasingly on insolvency and bankruptcy matters where creditors and financiers are seeking specific professional assistance on how to obtain some of the best outcomes for them.

We specialise in personal insolvency and bankruptcy and help to communicate the options available and what they really mean. In many instances this helps alleviate the stress that so commonly comes with being in financial difficulty.

ABN
13 297 186 027
No. of Employees
35
Service
Debt Advice, Debt Reduction, Helplines, Receiverships, Turnaround Management
Specialty
Debt Agreements, Litigation, Part IX, Part X Trustees, Personal Insolvency Agreements
Hours of Operation
Flexible Hours, Open Monday - Friday
Service Option
By Appointment, Consultations, Evaluations, Quotes
Concern
Bad Credit, Bankruptcy, Credit Card Debt, Insolvency
Kind
Personal, Property
Type
Commercial, Individual
Trade
Solicitors
Assurance
Certified, Chartered, Chartered Accountants, CPA, Licensed, Registered, Registered Debt Administrators, Registered Trustees
Also listed under
Accountants & Auditors, Bankruptcy Trustees--Registered, Financial Planning

Fax

(02) 9247 5911 (fax)

Can my bankruptcy be cancelled early?

Yes this is done via a term known as "annulment". It generally involves creditors accepting something less than payment in full or alternatively you paying all creditor's debts and Trustee's fees.

If I am bankrupt can I be a director of a company?

No during the term of a bankruptcy the Corporations Act specifically precludes disqualifies you from being a director of a private or public company. This is an important pre-bankruptcy consideration if you are a director of a company(s).

When will I know if the company is in financial difficulty?

There can be many factors to consider when looking at financial distress. However initially a company starts off in this cycle by not paying critical creditors such as outstanding taxes, utility providers etc. Slow or not paying creditors is symptomatic of a business that has insufficient cash-flow. Decisive action and professional advice must be taken to identify and evaluate the reasons that this is occurring and what steps can be taken to remedy it if possible.

What information will I be required to provide during a Liquidation?

You will be required to provide the Liquidator with a report detailing the assets and liabilities of the company and complete a questionnaire detailing the business conducted by the company. In addition you will be required to provide the liquidator with all books and records (particularly financial) maintained by the company. Failure to do so is an offence and can result in being prosecuted by ASIC.

Will employees receive payment for their entitlements if the company is placed into liquidation?

There is presently a Federal Government Scheme known as GEERS which provides for various employee entitlements upon the insolvency of a business. GEERS does not cover outstanding superannuation. Upon liquidation, the liquidator would notify and provide all staff with claim forms and assist them with completion based on the company records available.